Economic and Investment Trend Analysis - Socio Economics - Forex - Bonds
- Dow Jones - Nasdaq - SP500
Precious Metals - Energy - Livestock -
Grains - Softs
FuturesCom
Investment Publications
Morning Comments, Friday Sept 26th ,
2003
Experienced Since 1979 -
Serving Professional and Individual Traders World Wide since 1988
7690
Rockport Circle, Lake Worth, Florida 33467 Tel: 1-561-433-2995 http://www.futurescom.com
Thursday September 25th, 2003
2:00 PM Eastern time
December Yen
Support should appear near 8934 and 8871 to 8856
Resistance should appear near 8964 then 9044 to 9060 and 9140 to 9156
December Euro Currency (EC)
Recommended open position Long at 11457
Support should appear at 11430 to 11405 then 11360 to 11330 and 11300
Resistance is at
11500 region.. A close over is friendly and indicates an eventual test of
11640 to 11690
December Swiss Franc
Recommended open position Long 7416
Resistance should appear near 7486 to 7513
and the 7587 to 7601 region
Support should
appear near 7428 to 7414 and 7342 to 7328
December
British Pound
Recommended open position Long at 16418
Support should appear near 1.6484 then 1.6420 and 1.6352
Resistance should appear near 1.6550
and 1.6632
December Canadian Dollar
Recommended Open Position Long 7379
Support should appear near 7342
to 7328
Resistance is at 7414 to 7428
December Aussie Dollar
Recommended open position Long at 6739
Support should appear near 6673
to 6659.
Resistance should appear near 6741 to 6755.
The Sensational Stock and Bond Markets
Dow Jones Industrial Average
Resistance should appear
near 9429 to 9445 and 9526 to 9542
Support should appear near 9347 to 9316 and 9156 to 9140
December SP500
Recommended Open position Short at 1016.20
Resistance should appear near 1010.4 to 1013.6 then 1018.5 and the1032.00 to 1036.00
region
Support should appear near 1005.00 and 1003.70 to 1002.10.
Under that support is 993.70 to 992.10 and the 983.70 to 982.10 region.
Nasdaq Composite
Resistance should appear near 1858 to 1865 and 1902 to 1909.
Support should appear near 1822 to 1808
December Mini Nasdaq 100
Resistance is at 1377 to 1383 ..beyond that sellers should appear near 1415
to 1421
Support is at 1346 to 1334 . Below that buyers should appear near 1310
to1304
December
10 Year T-Note
Resistance should appear near 113-23 and 114-07
Support is at 112-29
then 112-23 and 112-07
The
Precious Metals
December Gold
Recommended Open position Long at 388
Support should appear at 385.8 and 380.6 to 379.5
Resistance is at 390.90 to 392.90 and 398.20 to 399.20 .
December
Copper
Recommended Open position Short at 8200
Support should appear near
8315 to 8300 and 8225 to 8190
Resistance should appear near 8390 to
8405
December Silver
Recommended Open position Long at 522
Support should appear near 521.5 to 520 and 514 to 512.5
Resistance is at 525.5 to 528.5
and 534.5
to 535.5
The
Exciting Energies
November
Crude Oil
Recommended Open position
Long at 2800
Support should appear near
2820 and 2775 to 2758
Resistance is at 2874 to 2883
and 2928 to 2937
November Unleaded
Gas
Resistance should appear near
7865 and 7940 to 7955
Support should appear near 7780 to 7765 and
7690 to 7675
November
Heating Oil
Recommended open Position Long 2 at 7230
Resistance is
at 7585 to 7605 and 7675 to 7690
Support should appear near 7485 and 7430 to 7415
The Lively Livestock
October Live Cattle
Support should
appear near 8592 to 8562
Resistance is at 8667 to 8682 and 8762 to 8777
December
Live Cattle
Recommended open Position
Short at 8297
Support should
appear near 8407 to 8392
Resistance is at 8482 to 8502 and 8567 to 8592
October Lean Hogs
Support is at 5732 to 5717 and 5652 to 5637
Resistance is at 5792 to 5807 and 5857 to 5882
December Lean Hogs
Support is at 5652 to 5637 5577 to 5552
Resistance is at
5717 to 5727 and the 5792 to 5807 region
February Pork
Bellies
Recommended open Position Short
2 at 8797 avg
Support should appear near 8682 to 8667
Resistance is
at 8762 to 8777 and 8852 to 8872
The
Grande’ Grains
November Soybeans
Resistance is at 657 ¾ to 659 ¼ and 665 3/4 to 667 1/4
Beyond that sellers should appear near 674 ½ to 675 ½ and 680 ¾ to 683
¾ ..
Support should appear at 650 3/4 to 648 3/4 and 643 to 641 3/4
December
Soymeal
Support should appear near 190.9 to 190.2 and 186.5 to 185.8. BW
Traders can buy at 186.7 and risk a close under 180.4
for three days in a row.
Resistance should appear near the 195.3 Beyond that
sellers should appear near 198.2 to 199.6 and 203.4 to 204.2 W Traders can sell at 203.1
and risk a close over 209.2 for three days in a row.
December Soybean Oil
Resistance should
appear near 2419 and 2461 to 2469
Support should appear near 2370 to 2354
December Corn
Recommended open Position Long 222
3/4
Resistance should appear near 227 1/2 and 231 1/2 to 232 1/2 .
Support is at 222 3/4 to 221 3/4
December CBOT Wheat
Recommended open Position Long at 353
Support should appear near 356
1/2 to 355 1/4 and 350
1/4 to 349 1/4
Resistance is at
361
1/4 to 362 1/4 and 366 1/4 to 368 1/4
The Satisfying Softs
December the
‘Monster’ Coffee
Recommended open Position Long 2 at
6755
Support is near 6485 then 6430
to 6415 and 6350 to 6335
Resistance should appear near 6575 to 6590 and the 6655 to 6675 region
December Cocoa
Resistance is at 1689 to 1696 and 1731 to 1738
Support should appear near 1655 to 1642 and 1576 to 1569
March Sugar
Recommended open Position Long at 610
Support should appear near 609 to 601 and 586 to 583.
BW Traders can buy at 587 for a bounce and risk a close under 554 for three days
in a row.
Resistance should appear near 630 to 634
and 656 to 661
BW Traders should go long if a close over 637 occurs.
December
Cotton
Support should appear near 6590 to 6575 and the 6505 to 6485 region.. Below that buyers
should appear near 6350 to 6335 and
the 6190 to 6165 region. BW Traders
can buy at 6355 and hold for higher prices, risk a close under 6100 for three
days in a row..
Resistance should appear near 6655 to 6670 and the 6740 to 6755 region, a close over is friendly and augurs for a test of 6810 to 6835 and the 6990 to 7005 region.. BW Traders should go long if a close over 6765 occurs..
A Ship in Harbor is Safe.. But that is not what ships are built for –
Happy
Trading!
Bill wil@futurescom.com
1-561-433-2995
Thursday September 25th
2003
3:00 PM .. South Florida Beach Time
THIS PUBLICATION CONTAINS
THE VIEW AND OPINIONS OF THE AUTHOR, EXCEPT WHERE OPINIONS ARE ATTRIBUTED
TO OTHER SOURCES. WRITTEN
PERMISSION IS REQUIRED PRIOR TO ANY DISTRIBUTION OR REPRODUCTION. FUTURES TRADING ARE RISKY AND CAN CAUSE SUBSTANTIAL FINANCIAL
LOSS. THE USE OF OPTIONS AND OPTION
TRADING INVOLVES A HIGH DEGREE OF RISK. THE
USE OF STOPS MAY NOT LIMIT LOSSES TO INTENDED AMOUNTS.
SPREAD POSITIONS MAY NOT BE LESS RISKY THAN OUTRIGHT FUTURES POSITIONS.
PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
SOURCES ARE BELIEVED TO BE RELIABLE BUT NO ASSURANCE IS MADE FOR
ACCURACY. ADDITIONAL RISK
DISCLOSURE IS AVAILABLE.
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